Fiji Government is remaining tight lipped on the outcome of the meeting between the FSC and the Exim Bank of India with regards to the repayment of their 86 million dollars loan.
Permanent Secretary for the Ministry of Sugar Parmesh Chand said though the government is a major shareholder, the finer details rests with the FSC Board.
However, Chand said they are currently working on some incentives for the struggling industry as other means of assistance are on hold.
In 2004, under the Laisenia Qarase led government, an $86 million loan was secured from the Exim Bank of India with the payment to start this year.
At the moment, Chief Executive for FSC Deo Saran is in India trying to work out a deal with the Bank to defer payments and is expected back into the country on Monday.
Govt tight lipped on PSC/Exim Bank meet
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